, Singapore

Daily Markets Briefing: STI up 0.4%

Expect a correction this morning.

According to OCBC Overnight Market Commentary, the retreat on Wall Street overnight and the poor Nikkei start (down 2% now) are likely to spook the local bourse into a correction this morning.

Here’s more from OCBC:

As such, we could potentially see the STI breaking the 3320 immediate support today and slip further towards the 3270 subsequent support in the days ahead.

Meanwhile, we still see the immediate key hurdle at the 3370 key peak, with the subsequent obstacle pegged at the 3410 minor peak.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!